Yearly Archives: <span>2021</span>

Alaska Files $1B Lawsuit Against 21 Poultry Businesses

Alaska has sued 21 businesses involved in the poultry industry, claiming the businesses operated a cartel and illegally inflated the price of most chicken sold in the state. The Alaska Department of Law filed a consumer-protection lawsuit late last month …

Arizona City Struggling to Emerge from Cyberattack

Kingman officials say municipal employees aided by Arizona National Guard technology personnel this week continued working to unravel a cyberattack that targeted the northwestern Arizona city’s computer system days earlier. The attack last Friday knocked down the system, with results …

Mosaic Begins Underwriting War, Terrorism & Political Violence Risks Globally

Mosaic, the new Bermuda-based global specialty insurer, announced it has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York. Mosaic will offer tailored coverage for a full spectrum of commercial, industrial and …

Auto Insurance Shopping Stabilizes, State-Level Competition Intensifies: J.D. Power

As the country hits the one-year mark of the arrival of COVID-19, auto insurance industry trends are beginning to show a return to the pre-pandemic baseline, which will further intensify the ongoing customer acquisition war. As consumers hunkered down under …

Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International

DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further expansion. DARAG purchased SunPoint from Fosun International for …

Settlement Reached in New York Teen Athlete’s Training Drill Death

The mother of a high school football player who died in New York after a 400-pound log fell on him during a military-style training drill has settled her lawsuit over the teen’s death for a seven-figure sum, according to her …

Hub International Acquires Assets of Pennsylvania’s Davis Trachtenberg Inc.

Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction were not disclosed. Located in Newtown Square, Pennsylvania, DTI is a full-service insurance agency providing clients with commercial and personal insurance. …

JAG Insurance Group Hires Gomez to Represent Northeast Region

JAG Insurance Group (JAG), a South Florida-based commercial insurance agency with Florida offices in Coral Gables and Delray Beach, as well as Charlotte, North Carolina, has added Enrique Gomez to the firm as the first of many remote hires. The …

EEOC Probes Facebook for ‘Systemic’ Racial Bias in Employment Practices: Reuters

A U.S. agency investigating Facebook Inc. for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated against them told Reuters on Friday. A “systemic” …

Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next

Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill Capital filed for administration in the UK, capping a stunning collapse for its founder. The bank that he owns …